Please help with the following mcqs:

question 1)

Consider a firm that is producing 100 cloth meters of cloth per week. Assume that the factors of production for this firm are labour and coal. The figure below displays three isocost lines. What can we conclude, based on this information? 10 G Tonnes of coal Cost - ESO HN Cost - E80 Cost = 640 M 2 3 4 6 7 85 10 Number of workers A. Isocost HJ represents all points that can produce 100 metres of cloth at a particular price ratio. B. Isocosts MN and FG represent the same price ratio (wage/price of coal) but different total costs of production. O C. When the wage is $10 and the price of coal is $5, the combination of inputs at point N is more costly than the inputs at point B. O D. Isocost HJ represents a higher (wage/price of coal) ratio than isocost FG.Joseph has a house worth R1 500 000; he still owes 15% of its value to ABC Bank Ltd from whom he borrowed money. He has financial assets worth 25% of the home loan and is expecting a promotion in 3 years. His expected earnings from employment are 9% of the house's value in year 4. Joseph's net worth is and his broad wealth is O A. R56 250; R5 000 000. O B. R1 500 000; R56 250. O C. R3 000 000; R1 725 000. O D. R1 556 250; R1 711 500.The figure below shows the long-run adjustment process in the labour market after technological progress. Based on this information, which of the following statements is correct? Output per worker (new technology) Output per worker (old technology) Wage setting curve Real wage (new) B Price-setting curve (new technology) Real wage (old) E Price-setting curve (old technology) Real wage 0 U- 6% U-4% (initial long-run (new long-run unemployment rate) unemployment rate) Employment, N O A. At D firms increase investment, and hence employment, due to the large gap between the real wage paid and the workers' wage- setting curve. O B. The adjustment from equilibrium A to the new equilibrium at B is immediate. O C. Lower unemployment at E implies a higher wage is required to attract workers, resulting in the higher real wage at B. O D. The new technology does not cause any increase in unemployment, either in the short run or in the long run